Lunchtime Learning: Business Succession & Continuity Planning - What Owners & Managers Need to Know 1/4/23
Business transition is inevitable. At some point, either a business will close or be put up for sale due to its owner no longer wanting to or being able to continue – and 80% of those businesses do not end up selling. Creating a viable continuity plan is critical to support owners and their families, employees, and to continue serving the needs our community. This session will cover the four components that drive business valuation from a buyers perspective, five steps to structuring a succession plan, and how managers can quickly demonstrate their value to new ownership. Attendees will leave with a clear understanding of how to start and form a succession plan that drives values for all stakeholders.
. Register by Monday, January 2, 2023 to be included in the lunch count.
Since 1988, Douglas Cook has directed multiple teams within the areas of sales, marketing and management who have delivered dramatic business improvements and financial results. He became a Certified Exit Planning Advisor (CEPA®) through the Exit Planning Institute following his service in executive roles at companies during their acquisitions and transitions. There, he recognized the staggering challenges small- to mid-market business owners face in maintaining and improving business performance while planning for a transition to new ownership.
A graduate of Western Michigan University with a bachelor’s degree in Marketing, and a master’s degree in Business Administration from University of Phoenix, Douglas rounded out his unique blend of training by completing the Executive Education Program at Harvard University with specific areas of focus in strategy, negotiation, and company transitions. For this comprehensive endeavor he was awarded the status of Alumni by Nitin Nohria, Dean of Faculty at Harvard Business School.
Douglas’s extensive experience and education is the foundation on which he formed his own Minnesota based firm where he currently serves as Senior Value Advisor at Headwaters Strategic Succession Consulting, LLC.